Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: October 16, 2008
Context: The filing reports a relevant event submitted to the Comisión Nacional de Valores (CNV) in Argentina regarding the repurchase of the company's own Class B Common Stock.
Key Financial Metrics
This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific share repurchase transaction.
| Transaction Detail | Value |
|---|---|
| Shares Repurchased | 801,000 Class B Common Shares |
| Par Value per Share | Ps$. 1.00 |
| Average Repurchase Price | Ps$. 4.475 per share |
| Total Aggregate Amount | Ps$. 3,584,635.00 |
Material Changes
The filing discloses a reduction in the number of outstanding Class B shares due to the acquisition of 801,000 shares by the Bank. No comparative financial data or changes in operating results versus prior periods are provided in this text.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The transaction was executed in compliance with Section 68 of Law 17,811 and CNV General Resolution Number 368.
Investor Verification Checklist
- Verify the impact of the 801,000 share repurchase on total outstanding share count and earnings per share.
- Confirm the source of funds used for the Ps$. 3,584,635.00 transaction in the company's latest audited financial statements.
- Review the company's 20-F annual report for broader financial performance metrics not included in this 6-K.
- Check for any subsequent filings regarding the retirement or holding of these repurchased shares in treasury.